Tata Motors Ltd., owner of Jaguar Land Rover, expects a strong revival in truck sales in India after the start of a nationwide tax in July spurs buyers to return to showrooms.
Mumbai-based Tata Motors’ commercial vehicle sales rose 1 percent to 385,373 units in the year ended March, and deliveries in the first three months of the year that began April 1 are expected to be subdued, as customers hold off purchases until the rates for the goods and services tax are announced, Executive Director Ravindra Pisharody said. “We assume that the governmental actions would have been completed by July and hence expect a strong second half for commercial vehicles,” Pisharody said in a phone interview. “We’re expecting a 10 to 15 percent growth for smaller commercial vehicles.”
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